Global equities mostly retreated last week following recent gains. The S&P/ASX 200 dropped 1.2%, the S&P 500 fell 1% and the EURO STOXX 50 fell 1.1%. Energy ETFs were the top sector play for the week, with BetaShares’ FUEL gaining 2.5% while resource sector ETFs were amongst the poorest performers. iShares MSCI Singapore ETF (ISG) was the top international equity ETF, gaining 2.5%.
WTI crude oil jumped 12.2% after OPEC agreed to cut supply. BetaShares Crude Oil Index ETF (OOO) was the overall top performing ETF for the week
The Australian dollar ended the week up slightly at US$0.7457, having traded in a 0.7370 – 0.7500 range. Pound sterling gained 2% against the US dollar, while the euro traded slightly higher in advance of the Italian constitutional referendum
The Australian ETF market saw inflows of A$112m and outflows of A$73m from domestically domiciled ETFs. The biggest inflows were into the SPDR S&P/ASX 200 Fund (STW) and high interest cash (AAA) and the biggest outflows were from the UBS IQ Morningstar Australia Quality ETF (ETF)
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